OpenBet

OpenBet Technology
Private
Industry Software, Gambling
Founded 1996
Headquarters Chiswick, London
Key people
 Jeremy Thompson-Hill, CEO
Revenue £66 million (2014)
Owner Vitruvian Partners
Number of employees
 over 550
Divisions Sportsbook, Content, Retail, PAM
Website www.openbet.com

OpenBet is a sportsbook and gaming software company based in Chiswick, London in the United Kingdom, with offices in Sydney, Australia and Montreal, Canada.[1] It supplies bookmakers, national lotteries and other government-backed betting organisations in regulated markets.

Products

OpenBet develops front-end and back-office gaming products, including management and reporting tools. Its OpenBet platform is designed to allow users to bet and play in multiple languages and currencies across several products and platforms, potentially including web, mobile devices, retail outlets, call centres and interactive television, with single sign-on to a centralised OpenBet account.

Clients include Ladbrokes, William Hill, Betfair,[2] Paddy Power,[3] Sky Betting and Gaming,[4] Sportsbet.com.au, France’s Paris Mutuel Urbain and Canadian state lotteries: BCLC, Loto-Québec, Manitoba and Atlantic Lottery Corporation.[5]

History

OpenBet Technologies Ltd was founded in 1996 under the name Orbis Technologies.

In December 2000, the company was acquired by NDS, a News Corporation company and a technology provider in digital television. Orbis expanded in size under the leadership of Chief Executive David Loveday, the gaming industry's second longest-serving CEO, through natural growth and by the acquisition of NT Media in September 2005 and then Electracade in December 2008.

In 2010, Orbis Technology was renamed to OpenBet, the name of its eponymous software betting platform. It also acquired Alphameric Solutions, a software company supplying betting retail products, which was renamed as the OpenBet Retail division.

In January 2011, OpenBet was sold by NDS for £208m, in a management buyout backed by private equity firm, Vitruvian Partners.[2] In March 2013 David Loveday stepped down, with COO Jeremy Thompson-Hill taking over as CEO of Openbet.[6]

In April 2015, OpenBet acquired their Greek branch from outsourcing partner Athens Technology Center S.A., increasing the group's headcount by 25%. [7]

Awards and recognition

OpenBet was voted one of the best 100 companies to work for in the UK according a Sunday Times survey in 2010,[8](subscription required) and later achieved a one star accreditation in 2015.[9]

In 2014, OpenBet was named sports betting supplier of the year at the eGamingReview B2B awards for the fifth successive year.[10]

References

  1. ↑ Openbet Contact Page
  2. 1 2 "OpenBet in £208m management buy-out". Daily Telegraph. 2011-01-13.
  3. ↑ "Paddy Power’s Sportsbet Re-launched in Australian Marketplace". casinoscamreport.com. 2011-08-08.
  4. ↑ "OpenBet renew Sky Bet deal". Gambling Insider. 2013-01-16.
  5. ↑ "OpenBet opens up in North America". iGaming Post. 2012-04-11.
  6. ↑ "Thompson-Hill appointed OpenBet CEO". iNTERGAME. 2013-03-19. Retrieved 2013-04-23.
  7. ↑ "OpenBet grows global presence as it completes acquisition of previously outsourced Greek operations from Athens Technology Center S.A.". OpenBet. 2015-04-30. Retrieved 2015-05-19.
  8. ↑ Times top 100 companies
  9. ↑
  10. ↑ "OpenBet collects eGaming Reviews' Sports Betting Supplier of the Year award for 4th year running". OpenBet. 2013-06-10.
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